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ATA

ATS Automation Tooling Systems TSX:ATA Stock Report

Last Price

CA$37.44

Market Cap

CA$3.4b

7D

-3.3%

1Y

-7.3%

Updated

28 Sep, 2022

Data

Company Financials +
ATA fundamental analysis
Snowflake Score
Valuation5/6
Future Growth4/6
Past Performance5/6
Financial Health2/6
Dividends0/6

ATA Stock Overview

ATS Automation Tooling Systems Inc., together with its subsidiaries, provides automation solutions worldwide.

ATS Automation Tooling Systems Competitors

Price History & Performance

Summary of all time highs, changes and price drops for ATS Automation Tooling Systems
Historical stock prices
Current Share PriceCA$37.44
52 Week HighCA$53.65
52 Week LowCA$30.60
Beta1.49
1 Month Change-8.88%
3 Month Change5.91%
1 Year Change-7.28%
3 Year Change112.37%
5 Year Change168.97%
Change since IPO1,541.21%

Recent News & Updates

Aug 04
These 4 Measures Indicate That ATS Automation Tooling Systems (TSE:ATA) Is Using Debt Reasonably Well

These 4 Measures Indicate That ATS Automation Tooling Systems (TSE:ATA) Is Using Debt Reasonably Well

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Jul 21
With EPS Growth And More, ATS Automation Tooling Systems (TSE:ATA) Makes An Interesting Case

With EPS Growth And More, ATS Automation Tooling Systems (TSE:ATA) Makes An Interesting Case

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...

Shareholder Returns

ATACA MachineryCA Market
7D-3.3%-2.8%-2.9%
1Y-7.3%-39.5%-5.6%

Return vs Industry: ATA exceeded the Canadian Machinery industry which returned -40.6% over the past year.

Return vs Market: ATA matched the Canadian Market which returned -7.3% over the past year.

Price Volatility

Is ATA's price volatile compared to industry and market?
ATA volatility
ATA Average Weekly Movement5.6%
Machinery Industry Average Movement9.4%
Market Average Movement9.8%
10% most volatile stocks in CA Market18.2%
10% least volatile stocks in CA Market3.8%

Stable Share Price: ATA is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: ATA's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19786,000Andrew Hiderhttps://www.atsautomation.com

ATS Automation Tooling Systems Inc., together with its subsidiaries, provides automation solutions worldwide. The company is also involved in the planning, designing, building, commissioning, and servicing automated manufacturing and assembly systems, including automation products and test solutions. It offers enterprise solutions in the areas of project management; partners/suppliers/vendors team selection and coordination; facility layouts and operational design; business case development and project justification; post project service, spare parts, and support; and system design, built, integration, commissioning, validation, training and start up.

ATS Automation Tooling Systems Fundamentals Summary

How do ATS Automation Tooling Systems's earnings and revenue compare to its market cap?
ATA fundamental statistics
Market CapCA$3.43b
Earnings (TTM)CA$133.17m
Revenue (TTM)CA$2.28b

25.8x

P/E Ratio

1.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ATA income statement (TTM)
RevenueCA$2.28b
Cost of RevenueCA$1.64b
Gross ProfitCA$645.35m
Other ExpensesCA$512.19m
EarningsCA$133.17m

Last Reported Earnings

Jul 03, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.45
Gross Margin28.27%
Net Profit Margin5.83%
Debt/Equity Ratio110.3%

How did ATA perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is ATA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ATA?

Other financial metrics that can be useful for relative valuation.

ATA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2x
Enterprise Value/EBITDA15x
PEG Ratio1.2x

Price to Earnings Ratio vs Peers

How does ATA's PE Ratio compare to its peers?

ATA PE Ratio vs Peers
The above table shows the PE ratio for ATA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average26.9x
SIS Savaria
47.2x48.6%CA$904.8m
HEO H2O Innovation
38.1x30.9%CA$194.4m
FTT Finning International
9.1x7.8%CA$3.8b
RCH Richelieu Hardware
13.1xn/aCA$2.1b
ATA ATS Automation Tooling Systems
25.8x21.5%CA$3.4b

Price-To-Earnings vs Peers: ATA is good value based on its Price-To-Earnings Ratio (25.8x) compared to the peer average (26.9x).


Price to Earnings Ratio vs Industry

How does ATA's PE Ratio compare vs other companies in the North American Machinery Industry?

Price-To-Earnings vs Industry: ATA is expensive based on its Price-To-Earnings Ratio (25.8x) compared to the North American Machinery industry average (18.1x)


Price to Earnings Ratio vs Fair Ratio

What is ATA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ATA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25.8x
Fair PE Ratio25.8x

Price-To-Earnings vs Fair Ratio: ATA is good value based on its Price-To-Earnings Ratio (25.8x) compared to the estimated Fair Price-To-Earnings Ratio (25.8x).


Share Price vs Fair Value

What is the Fair Price of ATA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ATA (CA$37.44) is trading below our estimate of fair value (CA$88.69)

Significantly Below Fair Value: ATA is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

How is ATS Automation Tooling Systems forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


21.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ATA's forecast earnings growth (21.5% per year) is above the savings rate (1.6%).

Earnings vs Market: ATA's earnings (21.5% per year) are forecast to grow faster than the Canadian market (7.5% per year).

High Growth Earnings: ATA's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ATA's revenue (6.7% per year) is forecast to grow faster than the Canadian market (5.8% per year).

High Growth Revenue: ATA's revenue (6.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if ATA's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has ATS Automation Tooling Systems performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


20.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ATA has high quality earnings.

Growing Profit Margin: ATA's current net profit margins (5.8%) are higher than last year (5.1%).


Past Earnings Growth Analysis

Earnings Trend: ATA's earnings have grown significantly by 20.1% per year over the past 5 years.

Accelerating Growth: ATA's earnings growth over the past year (59.8%) exceeds its 5-year average (20.1% per year).

Earnings vs Industry: ATA earnings growth over the past year (59.8%) exceeded the Machinery industry -7.3%.


Return on Equity

High ROE: ATA's Return on Equity (13.4%) is considered low.


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Financial Health

How is ATS Automation Tooling Systems's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ATA's short term assets (CA$1.3B) exceed its short term liabilities (CA$877.8M).

Long Term Liabilities: ATA's short term assets (CA$1.3B) do not cover its long term liabilities (CA$1.3B).


Debt to Equity History and Analysis

Debt Level: ATA's net debt to equity ratio (96.2%) is considered high.

Reducing Debt: ATA's debt to equity ratio has increased from 45.9% to 110.3% over the past 5 years.

Debt Coverage: ATA's debt is not well covered by operating cash flow (12.5%).

Interest Coverage: ATA's interest payments on its debt are well covered by EBIT (6.2x coverage).


Balance Sheet


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Dividend

What is ATS Automation Tooling Systems's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

ATS Automation Tooling Systems Dividend Yield vs Market
How does ATS Automation Tooling Systems dividend yield compare to the market?
SegmentDividend Yield
Company (ATS Automation Tooling Systems)n/a
Market Bottom 25% (CA)2.0%
Market Top 25% (CA)6.0%
Industry Average (Machinery)2.0%
Analyst forecast in 3 Years (ATS Automation Tooling Systems)n/a

Notable Dividend: Unable to evaluate ATA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ATA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ATA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ATA's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ATA has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

4.7yrs

Average management tenure


CEO

Andrew Hider (45 yo)

5.33yrs

Tenure

CA$6,745,200

Compensation

Mr. Andrew P. Hider is Director at Tennant Company from August 03, 2022. He has been the Chief Executive Officer of ATS Automation Tooling Systems Inc. since March 6, 2017. Mr. Hider has been Vice Presiden...


CEO Compensation Analysis

Andrew Hider's Compensation vs ATS Automation Tooling Systems Earnings
How has Andrew Hider's remuneration changed compared to ATS Automation Tooling Systems's earnings?
DateTotal Comp.SalaryCompany Earnings
Jul 03 2022n/an/a

CA$133m

Mar 31 2022CA$7mCA$1m

CA$122m

Dec 26 2021n/an/a

CA$100m

Sep 26 2021n/an/a

CA$95m

Jun 27 2021n/an/a

CA$83m

Mar 31 2021CA$6mCA$933k

CA$64m

Dec 27 2020n/an/a

CA$53m

Sep 27 2020n/an/a

CA$39m

Jun 28 2020n/an/a

CA$46m

Mar 31 2020CA$4mCA$935k

CA$53m

Dec 29 2019n/an/a

CA$58m

Sep 29 2019n/an/a

CA$79m

Jun 30 2019n/an/a

CA$70m

Mar 31 2019CA$5mCA$844k

CA$71m

Dec 30 2018n/an/a

CA$67m

Sep 30 2018n/an/a

CA$49m

Jul 01 2018n/an/a

CA$52m

Mar 31 2018CA$5mCA$790k

CA$47m

Dec 31 2017n/an/a

CA$40m

Oct 01 2017n/an/a

CA$40m

Jul 02 2017n/an/a

CA$34m

Mar 31 2017CA$3mCA$64k

CA$35m

Compensation vs Market: Andrew's total compensation ($USD4.93M) is above average for companies of similar size in the Canadian market ($USD3.50M).

Compensation vs Earnings: Andrew's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: ATA's management team is considered experienced (4.7 years average tenure).


Board Members

Experienced Board: ATA's board of directors are considered experienced (4.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: ATA insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

TSX:ATA Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
22 Aug 22BuyCA$51,885Angella AlexanderIndividual2,566CA$20.22
24 Jun 22BuyCA$49,762Heinrich SielemannIndividual1,400CA$36.12
20 May 22BuyCA$5,674Simone VolpiIndividual161CA$35.39

Ownership Breakdown

What is the ownership structure of ATA?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders589,4760.6%
Hedge Funds17,825,37519.4%
General Public32,991,13436.0%
Institutions40,301,74543.9%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 55.2% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
19.44%
Mason Capital Management LLC
17,825,375CA$667.4m0%56.54%
5.07%
Capital Research and Management Company
4,651,750CA$174.2m40.31%0.01%
3.73%
EdgePoint Investment Group Inc.
3,416,519CA$127.9m13.91%0.55%
2.69%
The Vanguard Group, Inc.
2,462,628CA$92.2m1.24%no data
2.12%
Manulife Asset Management
1,947,195CA$72.9m-4.58%0.05%
1.79%
FMR LLC
1,642,432CA$61.5m0%no data
1.79%
Mackenzie Financial Corporation
1,639,568CA$61.4m0%0.06%
1.65%
RBC Global Asset Management Inc.
1,509,023CA$56.5m-7.99%0.03%
1.57%
Janus Henderson Group plc
1,438,500CA$53.9m20.45%0.02%
1.37%
BlackRock, Inc.
1,255,146CA$47.0m0.79%no data
1.28%
Beutel Goodman & Company Ltd.
1,172,450CA$43.9m-14.78%0.18%
1.1%
Dimensional Fund Advisors LP
1,008,474CA$37.8m0.4%0.01%
1.07%
Fiera Capital Corporation
980,077CA$36.7m-6.16%0.04%
1.05%
ACK Asset Management LLC
960,800CA$36.0m14.96%7.37%
1.02%
CI Global Asset Management
933,916CA$35.0m-3.82%0.06%
0.97%
ClearBridge Investments, LLC
885,000CA$33.1m0%0.02%
0.93%
BMO Asset Management Corp.
856,116CA$32.1m-3.93%0.01%
0.91%
CIBC Asset Management Inc.
833,631CA$31.2m63.17%0.06%
0.91%
Norges Bank Investment Management
830,356CA$31.1m0%no data
0.88%
1832 Asset Management L.P.
808,400CA$30.3m-19.53%0.04%
0.88%
abrdn plc
807,239CA$30.2m23.96%0.02%
0.83%
American Century Investment Management Inc
757,899CA$28.4m1.51%0.02%
0.75%
Victory Capital Management Inc.
690,917CA$25.9m-10.38%0.02%
0.72%
Oberweis Asset Management, Inc.
657,275CA$24.6m-9.35%1.39%
0.72%
Mirae Asset Global Investments Co., Ltd
656,331CA$24.6m6.81%0.03%

Company Information

ATS Automation Tooling Systems Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: ATS Automation Tooling Systems Inc.
  • Ticker: ATA
  • Exchange: TSX
  • Founded: 1978
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Implied Market Cap: CA$3.435b
  • Shares outstanding: 91.74m
  • Website: https://www.atsautomation.com

Number of Employees


Location

  • ATS Automation Tooling Systems Inc.
  • 730 Fountain Street North
  • Building #2
  • Cambridge
  • Ontario
  • N3H 4R7
  • Canada


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ATATSX (The Toronto Stock Exchange)YesCommon SharesCACADDec 1993
ATODB (Deutsche Boerse AG)YesCommon SharesDEEURDec 1993
ATSA.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDDec 1993

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/28 00:00
End of Day Share Price2022/09/28 00:00
Earnings2022/07/03
Annual Earnings2022/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.